WELSPUNLIV

Bounce from Lows Hints at Fresh Upside

is showing early bullish signals after a strong rebound from the recent support zone around ₹120–122, supported by a sharp price uptick and improved volumes. The stock has formed a higher low and is attempting to move back above key short-term averages, indicating a shift in near-term momentum. With ADX still low near 14, the trend is in its early stage, suggesting room for further upside if buying interest sustains. A decisive move above the ₹130–135 resistance zone could open the door for a gradual rally toward ₹145, keeping the short-term outlook constructive.